News & Articles

Whether you’re looking to stay ahead of tax updates, seeking strategic advice to propel your business forward, or exploring financial best practices for your investment property, our curated content is designed to empower and inform. Dive into our comprehensive collection of articles and equip yourself with the knowledge to navigate the financial landscape with confidence.

Are Your Melbourne Cup Gambling Winnings Taxable?

Every year, the Melbourne Cup or the race that stops a nation, as is locally known, the question of whether the Australian Taxation Office (ATO) considers gambling winnings taxable often crop up. The Melbourne Cup is always expected to draw a big crowd of spectators...

How to claim company loses from other assets | Chan & Naylor

Business taxpayers operating as sole traders or partners in a partnership should know that special rules relate to business losses. These rules apply equally to Australian and foreign taxpayers. Taxpayers may claim business losses against other taxable income, only...

Hybrid Trust

What is a Hybrid Trust? A Hybrid Trust is a cross between a Discretionary and a Unit Trust. This type of structure is quite appealing because it includes the benefits of both and is an extremely useful structure. You can split the trust up into units while also having...

Tax return: Working out your income tax as a sole trader

For many Australian sole traders, understanding your tax return and how your income is taxed will help you to make informed decisions about your money. The Australian income tax system is based on the self-assessment principle. This means the Australian Taxation...

Franking Credits: How does it function and who profits?

Franking refers to tax credits, and the process that eliminates or reduces the taxation of cash payouts to its shareholders is referred to as dividend imputation. The tax credits are beneficial to individuals on high tax rates and to individuals on lower tax rates, as...

The Advantages of Unfranked Dividends

What are Dividends? Dividends are a significant component of investment returns, representing a portion of a company's earnings distributed to its shareholders. They provide a steady income stream and are a crucial factor in assessing the overall profitability and...

What is a Franked Dividend versus an Unfranked Dividend?

Dividends are sums of money paid regularly (ideally on a quarterly basis) by a company to its shareholders out of their profits. But do you know that there are 2 types of dividends? What is a Franked Dividend versus an Unfranked Dividend? Here are 2 types of...

Do You Have to Pay Tax on Lottery Winnings?

Ever wondered if you have to pay tax on lottery winnings? Well, guess what, if you win tomorrow’s mind-blowing $100M Powerball draw, you can have all the winnings to yourself! Yay! According to the Australian Taxation Office (ATO), if you win in prize draws, raffles,...

JobMaker Hiring Credit | 2020-21 – How you can apply

JobMaker 2020-21 | Does your business qualify? On 6 October 2020 as part of the 2020–21 Federal Budget, the Morrison Government announced a new incentive for businesses to employ additional young job seekers called the JobMaker Hiring Credit. The JobMaker Hiring...

COVID-19 – Post-recession: How house prices will rise in the next 5 years

COVID-19 - Post-recession: How house prices will rise in the next 5 years Real estate investment has proven its resilience once again as prices have risen over the past 12 months and forecasts point to further strengthening, the Property Investment Professionals of...

How to save $17,000 on your mortgage – It’s time to talk to your lender!

Australians who are on older loans & mortgages, are being advised that simply switching to a better rate could see them pocket thousands of dollars over the life of a loan. A report collated by the Australian Competition and Consumer Commission (ACCC) found that,...

2020-21 Victorian Budget

The Highlights The Victorian Government will offer stamp duty discounts and spend close to $50 billion on other concessions, subsidies and projects in a bid to get hundreds of thousands of people back to work and breathe new life into a State economy battered and...